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15 августа, 23:07

Etinde block appraisal off Cameroon plugged

New Age Cameroon Offshore Petroleum is plugging the IM-6 appraisal well on the Etinde block off Cameroon and moving the Vantage Drilling International Topaz Driller jack up to a back-up location.

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15 августа, 20:03

Region-wide gulf lease sale yields $178.1 million in high bids

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The region-wide Gulf of Mexico lease sale, held Aug. 15 in New Orleans by the US Bureau of Ocean Energy Management, generated $178.1 million in apparent high bids for 144 tracts. There were a total of 14,622 tracts offered in the gulf's federal waters.

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15 августа, 19:12

SPDC, NNPC unit form combine for Nigerian gas project

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Seplat Petroleum Development has signed shareholder and share subscription agreements with NNPC unit Nigerian Gas Processing & Transportation to enter an incorporated joint venture for ANOH Gas Processing, a company founded in 2017 for the purpose of processing future wet gas production from the upstream unitized gas fields at SPDC-operated oil mining lease (OML) 53 and Shell-operated OML 21 onshore in the northeastern Niger Delta.

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15 августа, 18:58

Carrizo to acquire Delaware basin assets from Devon

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Carrizo Oil & Gas Inc., Houston, has agreed to acquire certain Delaware basin properties from Devon Energy Corp. for $215 million in cash. The deal includes 10,600 gross acres—9,600 net with 90% operated—in Reeves and Ward counties, 94% of which is held by production.

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15 августа, 18:50

Singh named Indian Oil pipeline director

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Akshay Kumar Singh has joined Indian Oil Corp. as director (pipelines), responsible for the state-owned company’s 13,400-km network of crude oil, product, and natural gas lines.

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15 августа, 18:45

Diamondback to acquire Energen in all-stock deal

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In its second Permian-focused deal signing in a month, Diamondback Energy Inc., Midland, Tex., has agreed to acquire Energen Corp., Birmingham, Ala., in an all-stock transaction valued at $9.2 billion, including Energen’s net debt of $830 million.

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15 августа, 18:17

Faroe farms in to Agar-Plantain drilling

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Faroe Petroleum, Aberdeen, has farmed in to the Agar-Plantain exploration and appraisal well in the UK North Sea operated by Azinor Catalyst Ltd., acquiring a 25% interest from the operator.

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15 августа, 17:54

Savannah reports fourth Niger oil strike

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Savannah Petroleum reports a fourth indicated discovery of light oil in the R3 part of its R3/R4 production-sharing contract area in southeastern Niger. Wireline logs, fluid samples, and pressure data indicate the Eridal-1 well encountered 13.6 m of net oil-bearing sandstone in the E1 unit of the primary Eocene Sokor Alternances objective.

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15 августа, 17:49

EIA: US crude inventories increase 6.8 million bbl

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US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.8 million bbl for the week ended Aug. 10, according to data from the US Energy Information Administration. At 414.2 million bbl, US crude oil inventories are about 1% above the 5-year average for this time of year, the Weekly Petroleum Status Report indicated.

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15 августа, 17:27

MARKET WATCH: Crude oil prices fall on API inventory report

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Light, sweet crude oil prices fell on the New York market Aug. 14 to settle just above $67/bbl for September delivery after the American Petroleum Institute reported US crude inventories increased by 3.7 million bbl for the week ended Aug. 10. On Aug. 15, Commerzbank analysts issues a research note saying, “Oil prices are falling further this morning,” which they attributed to the API report.

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15 августа, 17:21

Colyer named interim Contango president, CEO

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Wilkie S. Colyer Jr., newly appointed as a director of Contango Oil & Gas Co., Houston, also becomes interim president and chief executive officer, succeeding Allan D. Keel, who has left the company.

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14 августа, 23:29

EIA’s 2018 IEO

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Uncertain projected economic conditions and growth patterns in China, India, and Africa dominated the US Energy Information Administration’s 2018 International Energy Outlook when it was released on July 24.